PIG PRICE REMAINS STABLE

21 Nov 2017

PIG PRICE REMAINS STABLE

Chairman of the IFA Pigs Committee, Tom Hogan, said the Irish pig price remained relatively the same this week, with quotes from processors remaining settled in the range of €1.52/kg- €1.54c/kg.

The very high kill last week, 72,662, reflects both improved performance on pig farm across Ireland, and the seasonal high demand for pigs.

While the pig price has taken a number of reductions in recent months, the market for pigmeat remains very robust. The domestic market is particularly strong with all wholesalers and retailers very anxious to ensure they have sufficient stocks for the festive period. A number of the smaller, non-export pig processors typify this demand with €1.56-1.58/kg being talked about for a slightly lighter carcass from these domestic slaughter plants.

Ireland’s percentage of the EU price has improved and is currently 102% of the EU average price as reported to the EU Commission for the week commencing 06/11/2017.

Factory pig throughput in Republic of Ireland export plants for the week ending November 11th 2017 was 67,504 head which was 13,560 head more than the previous week and 3,719 more than in the corresponding week in 2016. Slaughterings in ROI export plants are 0.9% behind the same period in 2016.

Export Plants: Top prices on a flat rate basis </= €152-€154cent/kg in Dawn, Staunton’s Kepak and Rosderra and </= 156 cent/kg in Karro.